financial statements

The full income statement, balance sheet, and cash-flow statement for Insulet Corporation (PODD), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	2.71B YoY+30.7%	2.07B YoY+22.1%	1.70B YoY+60.8%	1.06B YoY+1.4%	1.04B YoY+15.1%
	1.94B YoY+34.2%	1.45B YoY+24.6%	1.16B YoY+44.0%	806M YoY+7.1%	752M YoY+29.2%
Cost of revenue	768M YoY+22.7%	626M YoY+16.5%	537M YoY+7.5%	500M YoY+44.1%	347M YoY+7.6%
Research & development	301M YoY+37.1%	220M YoY+7.1%	205M YoY+13.8%	180M YoY+12.6%	160M YoY+9.1%
Selling, general & administrative	1.17B YoY+27.0%	917M YoY+24.8%	735M YoY+25.0%	588M YoY+26.1%	466M YoY+21.4%
Amortization of intangibles	10.5M YoY+7.1%	9.80M YoY-3.9%	10.2M YoY+41.7%	7.20M YoY+5.9%	6.80M YoY-60.9%
Provision for credit losses	700K YoY+450.0%	-200K YoY-108.7%	2.30M YoY-45.2%	4.20M YoY+35.5%	3.10M YoY-6.1%
Operating income	474M YoY+53.4%	309M YoY+40.3%	220M YoY+485.4%	37.6M YoY-70.2%	126M YoY+144.7%
Interest expense	59.4M YoY+39.1%	42.7M YoY+18.0%	36.2M YoY+0.6%	36.0M YoY-41.7%	61.7M YoY+28.3%
Interest & investment income	34.7M YoY-12.2%	39.5M YoY+38.1%	28.6M YoY+207.5%	9.30M YoY+1760.0%	500K YoY-83.3%
Net interest income	—	—	—	-26.7M YoY+56.4%	-61.2M YoY-35.7%
Other non-operating income	14.3M YoY+360.0%	-5.50M YoY-350.0%	2.20M YoY+300.0%	-1.10M YoY+42.1%	-1.90M YoY-157.6%
Pre-tax income	340M YoY+13.1%	300M YoY+39.8%	215M YoY+2090.8%	9.80M YoY-52.2%	20.5M YoY+111.3%
Income tax	92.4M YoY+178.2%	-118M YoY-1522.9%	8.30M YoY+59.6%	5.20M YoY+40.5%	3.70M YoY+27.6%
	247M YoY-40.9%	418M YoY+102.8%	206M YoY+4384.8%	4.60M YoY-72.6%	16.8M YoY+147.1%
Net income to common	247M YoY-40.9%	418M YoY+102.8%	206M YoY+4384.8%	4.60M YoY-72.6%	16.8M
	$3.48 YoY-39.8%	$5.78 YoY+96.6%	$2.94 YoY+4100.0%	$0.07 YoY-70.8%	$0.24 YoY+140.0%
EPS (basic)	$3.51 YoY-41.2%	$5.97 YoY+101.7%	$2.96 YoY+4128.6%	$0.07 YoY-72.0%	$0.25 YoY+127.3%
Weighted-avg shares (basic)	70.3M YoY+0.4%	70.1M YoY+0.5%	69.8M YoY+0.5%	69.4M YoY+2.5%	67.7M YoY+4.6%
Weighted-avg shares (diluted)	71.9M YoY-2.7%	73.9M YoY+0.4%	73.6M YoY+5.3%	69.9M YoY+1.9%	68.6M YoY+4.0%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.91B YoY+1.2%	1.89B YoY+19.5%	1.58B YoY+20.5%	1.31B YoY-1.2%	1.33B YoY+6.5%
Cash & equivalents	716M YoY-24.9%	953M YoY+35.4%	704M YoY+2.1%	690M YoY-14.5%	806M YoY-11.1%
Short-term investments	187M YoY+0.0%	187M YoY+0.0%	187M YoY+0.0%	187M YoY+0.0%	187M YoY+0.0%
Accounts receivable	517M YoY+223.9%	160M YoY+0.0%	160M YoY+13.3%	141M YoY+4.2%	135M YoY+41.9%
Inventory	453M YoY+5.2%	430M YoY+6.9%	403M YoY+16.1%	347M YoY+14.4%	303M YoY+96.5%
Prepaid expenses	228M YoY+60.8%	142M YoY+22.0%	116M YoY+33.9%	86.9M YoY+17.4%	74.0M YoY+43.7%
Other current assets	121M YoY+32.0%	91.5M	—	—	—
	3.19B YoY+3.3%	3.09B YoY+19.3%	2.59B YoY+15.0%	2.25B YoY+9.9%	2.05B YoY+9.4%
Property, plant & equipment	602M YoY+0.0%	602M YoY+0.0%	602M YoY+0.3%	600M YoY+11.8%	537M YoY+12.1%
Operating lease right-of-use	43.7M YoY+19.1%	36.7M YoY+31.5%	27.9M YoY+7.3%	26.0M YoY+162.6%	9.90M YoY-33.6%
Goodwill	51.6M YoY+0.2%	51.5M YoY-0.4%	51.7M YoY+0.0%	51.7M YoY+29.9%	39.8M YoY+0.0%
Intangible assets	117M YoY+18.9%	98.5M YoY-0.2%	98.7M YoY+30.7%	75.5M YoY+106.3%	36.6M YoY+27.5%
Long-term investments	0.00	0.00	0.00	0.00	0.00
Deferred tax assets	82.4M YoY-41.9%	142M YoY+7777.8%	1.80M	—	—
Other non-current assets	288M YoY+58.8%	182M YoY-3.6%	188M YoY-10.4%	210M YoY+97.9%	106M YoY+37.8%
	680M YoY+28.7%	528M YoY+17.1%	451M YoY+23.7%	365M YoY+59.4%	229M YoY+10.1%
Accounts payable	75.0M YoY+278.8%	19.8M YoY+3.1%	19.2M YoY-37.7%	30.8M YoY-18.3%	37.7M YoY-30.3%
Accrued liabilities	587M YoY+122.6%	264M YoY+0.0%	264M YoY-12.4%	301M YoY+83.2%	164M YoY+19.0%
Deferred revenue	14.0M YoY+16.7%	12.0M YoY-22.1%	15.4M YoY-4.3%	16.1M YoY+360.0%	3.50M YoY-35.2%
Short-term & current debt	18.4M YoY-78.0%	83.8M YoY+69.6%	49.4M YoY+79.6%	27.5M YoY+9.6%	25.1M YoY+60.9%
Current lease liability	3.00M YoY+42.9%	2.10M YoY-40.0%	3.50M YoY-2.8%	3.60M YoY-28.0%	5.00M YoY+2.0%
Other current liabilities	20.0K YoY+0.0%	20.0K YoY+0.0%	20.0K YoY+0.0%	20.0K YoY+0.0%	20.0K YoY+0.0%
	1.68B YoY-10.7%	1.88B YoY+1.1%	1.86B YoY+4.6%	1.77B YoY+18.9%	1.49B YoY+17.6%
Long-term debt	1.37B YoY+0.0%	1.37B YoY+0.0%	1.37B YoY-0.4%	1.37B YoY+10.0%	1.25B YoY+19.7%
Deferred revenue (non-current)	1.50M YoY-25.0%	2.00M YoY+5.3%	1.90M YoY+18.8%	1.60M YoY+6.7%	1.50M YoY+50.0%
Non-current lease liability	48.9M YoY+22.3%	40.0M YoY+35.6%	29.5M YoY+7.7%	27.4M YoY+260.5%	7.60M YoY-36.7%
Deferred tax liabilities	800K YoY+0.0%	800K YoY+0.0%	800K YoY+0.0%	800K YoY+0.0%	800K YoY+0.0%
Other non-current liabilities	64.4M YoY+24.6%	51.7M YoY+36.4%	37.9M YoY+6.2%	35.7M YoY+139.6%	14.9M YoY-16.3%
	1.52B YoY+25.1%	1.21B YoY+65.4%	733M YoY+53.8%	476M YoY-14.4%	556M YoY-7.8%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	100K YoY+0.0%	100K YoY+0.0%	100K YoY+0.0%	100K YoY+0.0%	100K YoY+0.0%
Additional paid-in capital	1.27B YoY+7.6%	1.18B YoY+7.4%	1.10B YoY+6.0%	1.04B YoY-13.9%	1.21B YoY-4.5%
Retained earnings	287M YoY+613.2%	40.3M YoY+110.7%	-378M YoY+35.3%	-584M YoY+10.0%	-650M YoY+2.5%
Treasury stock	60.4M	0.00	—	—	—
Accumulated other comprehensive income	12.5M YoY+194.7%	-13.2M YoY-265.0%	8.00M YoY-60.0%	20.0M YoY+1009.1%	-2.20M YoY-140.0%
Total liabilities & equity	3.19B YoY+3.3%	3.09B YoY+19.3%	2.59B YoY+15.0%	2.25B YoY+9.9%	2.05B YoY+9.4%
Common shares issued	70.6M YoY+0.6%	70.2M YoY+0.4%	69.9M YoY+0.6%	69.5M YoY+0.5%	69.2M YoY+4.8%
Common shares outstanding	70.4M YoY+0.3%	70.2M YoY+0.4%	69.9M YoY+0.6%	69.5M YoY+0.5%	69.2M YoY+4.8%
Shares outstanding (cover)	70.3M YoY+0.3%	70.1M YoY+0.5%	69.8M YoY+0.5%	69.4M YoY+0.7%	69.0M YoY+4.6%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	569M YoY+32.3%	430M YoY+195.3%	146M YoY+22.4%	119M YoY+274.7%	-68.1M YoY-181.1%
Depreciation & amortization	90.4M YoY+11.9%	80.8M YoY+11.0%	72.8M YoY+15.2%	63.2M YoY+10.1%	57.4M YoY+3.6%
Share-based compensation	62.7M YoY-9.5%	69.3M YoY+43.2%	48.4M YoY+18.3%	40.9M YoY+18.9%	34.4M YoY-4.2%
Deferred income taxes	62.3M YoY+145.5%	-137M YoY-27480.0%	500K YoY+155.6%	-900K YoY-175.0%	1.20M YoY+192.3%
Change in receivables	—	—	99.4M YoY+670.5%	12.9M YoY-71.6%	45.5M YoY+232.1%
Change in inventory	10.6M YoY-67.3%	32.4M YoY-39.6%	53.6M YoY+9.2%	49.1M YoY-68.2%	154M YoY+205.7%
Change in payables	49.2M YoY+2136.4%	2.20M YoY+120.0%	-11.0M YoY-358.3%	-2.40M YoY+84.6%	-15.6M YoY-319.7%
Other operating activities	7.00M YoY+42.9%	4.90M YoY+145.0%	2.00M YoY-47.4%	3.80M YoY+216.7%	1.20M YoY+50.0%
	-223M YoY-52.3%	-146M YoY-22.4%	-119M YoY+37.5%	-191M YoY-131.1%	-82.7M YoY-690.7%
Capital expenditure	192M YoY+53.4%	125M YoY+65.2%	75.6M YoY-38.5%	123M YoY+9.8%	112M YoY-13.3%
Purchases of investments	0.00 YoY-100.0%	12.2M YoY+69.4%	7.20M YoY-7.7%	7.80M	0.00
Other investing activities	3.20M	0.00 YoY-100.0%	3.00M	—	—
	-595M YoY-2026.1%	-28.0M YoY-105.9%	-13.6M YoY+66.3%	-40.3M YoY-199.0%	40.7M YoY-93.3%
Common stock issued	—	—	—	0.00	0.00 YoY-100.0%
Common stock repurchased	59.6M	0.00	0.00	—	—
Other financing activities	0.00	0.00 YoY+100.0%	-300K	0.00	—
FX effect on cash	11.5M YoY+269.1%	-6.80M YoY-477.8%	1.80M YoY+141.9%	-4.30M YoY+21.8%	-5.50M YoY-214.6%
Net change in cash	-237M YoY-195.2%	249M YoY+1630.6%	14.4M YoY+112.3%	-117M YoY-1.0%	-116M YoY-116.3%
Interest paid	50.8M YoY+7.9%	47.1M YoY-5.6%	49.9M YoY+45.9%	34.2M YoY+59.1%	21.5M YoY+726.9%
Income taxes paid	38.5M YoY+86.9%	20.6M YoY+154.3%	8.10M YoY+47.3%	5.50M YoY-21.4%	7.00M YoY+133.3%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	20.0B YoY+9.2%	18.3B YoY+20.9%	15.2B YoY-25.9%	20.4B YoY+11.4%	18.4B YoY+8.9%
P/E	80.9× YoY+84.8%	43.8× YoY-65.3%	126.2× YoY-89.6%	1216.2× YoY+11.3%	1092.3× YoY-55.9%
P/S	7.4× YoY-16.5%	8.8× YoY-19.9%	11.0× YoY-43.7%	19.6× YoY+11.2%	17.6× YoY-5.4%
P/B	13.2× YoY-12.7%	15.1× YoY-39.4%	24.9× YoY-47.8%	47.7× YoY+44.7%	33.0× YoY+18.1%
P/FCF	52.9× YoY-11.7%	60.0× YoY-84.0%	374.1×	—	—
Earnings yield	1.2% YoY-45.9%	2.3% YoY+188.4%	0.8% YoY+863.3%	0.1% YoY-10.2%	0.1% YoY+126.9%
FCF yield	1.9% YoY+13.3%	1.7% YoY+523.6%	0.3%	—	—
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: PODD's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all PODD filings on SEC EDGAR → Not investment advice.

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About this data

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